Cook County Fund Overview
The CCPF serves a very diverse membership that reflects the contributions that Cook County employees have long made to the community. For example, CCPF provides benefits to nurses whose skills assist the ill and infirm and to sheriff’s police who keep the community safe. The lifelong service of County employees are assets that are not easily quantified, but that are greatly appreciated.
Get the Basics on Your Benefits here.
Member Contributions to CCPF
Cook County employees contribute 8.5% of their pensionable salary to CCPF. (Sheriff’s Police contribute 9%.) Through their years of employment, they build service credit towards a retirement annuity or pension. An employee’s years of service and total contributions are considered in the calculation of the member’s retirement benefit. The contributions are automatically deducted from each salary distribution and are not considered taxable income in the year the deductions are made.
Assets and Income
CCPF has assets of nearly $9 billion that are invested by the Retirement Board through an Investment Consultant and 39 Investment Managers. In addition to the income earned from investment activity, CCPF receives employee contributions through payroll deductions and employer contributions derived from an annual tax levy. The Cook County employer contributions have been fixed since 1984 at a rate of 1.54 times the employee contributions made in a fiscal year.
|Annuitants & Beneficiaries
|Actuarial Value of Assets
|Projected Insolvency Date
1Supplemental contributions made through the Home Rule Sales Tax bolstered employer contributions to $464.3 million in 2016.
The list of reports below provide additional information about the financial condition of the County Fund. To view reports from prior years, visit Annual Financial Reports.
2016 Cook County Fund Popular Annual Financial Report (PAFR)
2016 Cook County Fund Audited Financial Statements
2016 Cook County Fund Actuarial Valuation
2016 Cook County Fund Comprehensive Annual Financial Report (CAFR)